News Reports: Housing news updates and reports for Manufactured Home and Modular Housing Industry professionals and investors. Business – daily fact checks, market reports, and analysis.
A Shannon, North Carolina man has been charged with defrauding 45 people of $437,702 by not delivering manufactured homes they had purchased, and is in jail under a $800,000 secured bond. Bradley Malcolm McMillian, 38, is facing two counts of obtaining more than $100,000 worth of property by false pretense, […]
Fraud Charges Levied against Manufactured Home Seller Read More
A four-acre site occupied by a manufacturing plant that closed in 1990 and now owned by the Carthage Industrial Development Corp. (CIDC) in Carthage, New York is set for six homes to be built by Thousand Islands Area Habitat for Humanity. In collaboration with the village of Carthage and the
Modular Homes may Fill Demolished Factory Site Read More
The measure of consumer confidence rose to its highest level since 2008, and a positive report on durable goods as well as from the housing market spurred U. S. stocks upward, as the Dow regained 100 points following losses in recent days. CNNMoney reports the Dow Jones Industrial Average gained
Major Three Indexes Gain, Housing Stocks Close Mixed Read More
MHProNews last posted a story May 23, 2013 concerning the closing of a land lease community in State College, Penn. in which the owners were sued for not reimbursing homeowners according to state law, and were ordered to pay. The land has now been sold to Trinitas Ventures, which intends
Student Housing Planned to Replace Manufactured Housing Community Read More
New home sales rose 2.1 percent in May over April, according to Commerce Dept. figures, the highest rate since 2008. The S&P Case Shiller home price index (HPI) of existing homes rose 12.1 per cent from last year, the best rate in seven years, according to what David Blitzer of
Existing and New Home Sales Rising Read More
The Midland Independent School District (MISD) in Midland, Tex. is a step closer to deciding where to site the manufactured homes it will be acquiring to house staff. At a special meeting tonight, June 25, board members may decide whether to site the homes on the grounds of an unused
Midland School District may Vote on Manufactured Homes Tonight Read More
Consumer Financial Protection Bureau Director Richard Cordray, in a speech followed by a Q and A before the Exchequer Club, said more commotion than necessary is being made about the qualified mortgage (QM) rule. He says lenders will continue lending as they have in the past, even outside the rule,
CFPB Director takes Questions Read More
A new modular transportable cabin has been developed in a range of five designs in Australia. Measuring 29 feet X 12.5 feet, the steel-framed Affordable Portable (AP for short) costs $61,000 and is comprised of two modules. The dwelling includes a fold-down and a loft bed, is fully wired and
New Modular Builder Arises from Down Under Read More
A shortage of skilled trades workers combined with tight credit and lack of available finished lots may slow the housing market rebound, according to Fitch Ratings, although the only likely downside is a longer construction timeline. Prior to the Great Recession, over eight million construction workers were employed, but according
Shortage of Skilled Tradespeople may Slow Recovery Read More
U. S. stocks plunged on news of a large drop in the Chinese stock market as well as lingering concerns about the tapering of the stimulus by the Federal Reserve, regaining some lost ground in the afternoon but still ending one percent down. CNNMoney reports the Dow Jones Industrial Average
Plunging Indexes Draw Tracked Housing Stocks Down also Read More
A humanitarian solutions company for refugees of the Syrian conflict has built 1,000 modular homes, in addition to modular schools, hospitals and mosques on the border with Turkey. Modular and Mobile Solutions of Ras Al Khaimah, an emirate that is part of the United Arab Emirates (UAE) located on the
Modular Homes House Syrian Refugees Read More
Shortages of building materials may be significant in holding holding back a more robust return of the housing market, says the National Association of Home Builders (NAHB) Chief Economist David Crowe. According to a builders survey, 22 percent reported short supplies of oriented strand board (OSB), 20 percent said wall
Materials sometimes Lacking for Home-building Read More
Real estate activity is ramping up in Eugene, Ore. as low inventory is producing multiple offers, and in some case bidding wars, driving prices up, especially on homes under $250,000. Carol John bought a three-bedroom home in 2010 for $283,000. As her investments soured during the recession and she wanted
Former Site-built Homeowner moves to Manufactured Home Read More
Former beauty queen and one time manufactured home dealer JoLeigh Ares, doing business as Park Girl Sales LLC in the Rio Grande Valley area of Tex., has racked up an alleged 89 claims against her now bankrupt business totaling $2.9 million. The brownsvilleherald reports $1.5 million of the total is
Manufactured Home Retailer, Facing Multiple Fraud Charges, Opens New Business Read More
The Veterans Administration (VA) Home Loan allows qualified veterans the opportunity to purchase a home, including a manufactured home, with or without a site, or to buy and improve a site, with no down payment. Although the veteran is required to live in the house, the borrower’s spouse also satisfies
Veterans Administration Offers Manufactured Home Loans Read More
Honoring the centennial of America’s first paved transcontinental road, the Lincoln Highway, convoys representing a variety and age of motorized vehicles will set out both from Times Square in NYC and San Francisco to meet at the Great Platte River Arch Museum in Kearney, Nebraska. Joining the trek will be
RV/MH Museum part of Lincoln Highway Celebration Read More
Although the Dow and the S&P managed meager gains for the day, stocks fell for the second straight week on continuing fears the Federal Reserve will cease its $85 billion monthly stimulus. CNNMoney reports the Dow Jones Industrial Average nudged up +41.08 points, +0.28 percent, to end the day at
Tracked Housing Stocks, Three Major Indexes End Week Mixed Read More
The Tri-State Housing Task Force mini-summit held June 19 in Keokuk, Iowa heard Dan Eberhardt of the Southeast Iowa Regional Planning Commission (SEIRPC) say “You cannot thrive unless you pay attention to your residential homes.” Representatives of Northeast Community Action Corporation of Missouri (NECAC) state they have helped over 1,500
Modular Homes Available at Wholesale Prices Read More
The exclusive interviews of manufactured housing industry ‘C-Suite’ leaders, executives and business owners has fueled growing – and glowing – interest in readership here at MHProNews. These in turn yield an improved understanding and respect for the MH Industry at large by investors, professionals or researchers who also find and
Glowing MH Industry C-Suite Interviews Read More
Following a story MHProNews last covered June 11, 2013 regarding the rent justification bill in the Delaware General Assembly, lawmakers passed SB 33 but removed the requirement that increases be greater than the average annual increase in the Consumer Price Index (CPI) for the last three years. The Delaware State
Delaware General Assembly Passes Rent Justification for Land Lease Communities Read More
